Draft Signings: 6/25/16

The Phillies have signed fifth-round lefty Cole Irvin to an above-slot deal worth $800K, well over the $417,500 value of the 137th pick, reports Jonathan Mayo of MLB.com (Twitter link). Mayo and colleague Jim Callis ranked Irvin as the 138th-best prospect entering the draft, noting that the Oregon standout possesses a 93 to 94 mph fastball and two occasionally above-average secondary offerings – a slider and changeup. Irvin has a solid chance to crack the majors as a back-end starter, according to the MLB.com duo.

The Tigers have signed fourth-rounder Kyle Funkhouser for $750K, significantly above the pick value of $526,200, as Callis tweets. The Louisville righty was a first-round pick by the Dodgers last season, but he opted not to sign after sliding down draft boards. The righty suffered diminished velocity this year, resulting in his stock dropping still further — MLB.com’s scouting report notes that he threw 88-92 MPH with secondary stuff that was weaker than it had been previously. Callis notes, though, that Funkhouser’s stuff improved as the draft approached.

The Orioles have agreed to terms with their second-rounder, No. 69 overall pick Matthias Dietz, Callis notes (on Twitter). Dietz will receive $1.3MM significantly above his pick value of $934,400. The Illinois community college righty stands 6’6 and throws 91-94 MPH, touching 98, with a hard slider. He is committed to TCU.

The Giants have signed Vanderbilt outfielder and second-rounder Bryan Reynolds, as Hank Schulman of the San Francisco Chronicle tweets. The selection, at No. 59 overall, was the Giants’ top pick, since they forfeited their first-rounder with the Jeff Samardzija signing. Via a tweet from Callis, Reynolds will receive $1.35MM, above the pick value of $1.09MM. Callis notes that Reynolds rated as a first-round talent, but he ultimately slid in the draft. Via MLB.com, the switch-hitter has solid tools across the board, but none rank as outstanding, and some scouts fret about his strikeout proclivities.

The Dodgers have signed 11th-round pick A.J. Alexy for $600K, almost $500K above his pick value, Callis tweets. As Baseball America noted in its pre-draft scouting report (subscription only), the Pennsylvania high school righty currently throws 88-92 MPH, although he’s 6’4 and projectable, with the talent to throw three pitches in the big leagues. He was committed to Radford. The Dodgers should have space to sign him in part because they picked college seniors in the ninth and tenth rounds, and because second-rounder Mitchell White signed for significantly below his pick value.